Monday, August 25, 2008

Repo
http://www.derivativesstrategy.com/magazine/archive/1997/0297fea1.asp

Repo, officially the sale of securities with a simultaneous commitment to repurchase them in the future, was traditionally a financing vehicle used by banks to raise money off their bond portfolios.
In a standard repo, the cash borrower puts up a portion of the bond portfolio as collateral and the lender advances cash. For bond-rich investors, repo meets their top-three money market requirements: it's flexible (with time frames from intra-day to three months); it's safe (because it is a collateralized loan); and it often offers the best yields when compared to other alternatives.
Now, among other things, it greases the wheels of even the most mundane derivatives trades. Say a trader buys an option and hedges it with the purchase of the underlying bond. A repo would be used to fund the purchase of the bond.
Hedge funds typically use REPOs in exotic OTC transactions, they can't do one of these trades without repo. Conceptually, the repo is used to finance the hedge portion of a complex OTC transaction. And hedges come in all shapes and sizes. That means that in some cases the repo may be done in the currency of the original swap or option. In other cases, in order to pick up more yield or put on a different risk spin, a cross-currency repo could be used.
Repo is thought of as a short-term vehicle-overnight repo is the most popular form-but it is possible to extend the repo term to a year and beyond.

Wednesday, April 18, 2007

Mutual Fund Top Performers - Specialty-Natural Res

http://biz.yahoo.com/p/tops/sn.html

Tuesday, April 17, 2007

Cohen & Steers Asia Pacific Realty Shares

http://finance.yahoo.com/q/bc?t=3m&s=APFCX&l=on&z=m&q=l&c=dia
http://www.cohenandsteers.com/opmc_overview.asp?cusip=20

Labels:

Saturday, April 14, 2007

sell DIA
buy citi, GE, MOT

Friday, April 13, 2007

short term:

bond ETFs

http://etf.seekingalpha.com/article/29372
http://etf.seekingalpha.com/article/32016

after market correction:
korea
basic materials
brk.b
xlk

Labels:

Comparing Base Metals ETFs

http://etf.seekingalpha.com/article/26270

Labels:

Wednesday, March 28, 2007

ruby initiation...

C:\ruby\InstantRails>ruby -v
ruby 1.8.6 (2007-03-13 patchlevel 0) [i386-mswin32]

C:\ruby\InstantRails\ruby\bin>gem update rails --include-dependencies
Updating installed gems...
Bulk updating Gem source index for: http://gems.rubyforge.org
Attempting remote update of rails
Successfully installed rails-1.2.3
Successfully installed activesupport-1.4.2
Successfully installed activerecord-1.15.3
Successfully installed actionpack-1.13.3
Successfully installed actionmailer-1.3.3
Successfully installed actionwebservice-1.2.3

C:\ruby\InstantRails\mysql\bin>mysqladmin.exe -u root version
mysqladmin.exe Ver 8.41 Distrib 5.0.27, for Win32 on ia32
Server version 5.0.27-community
Protocol version 10

Sunday, March 11, 2007

I strongly recommend El Kapallaq for seafood.Its located in Av. Pettit Thouars 4844 in Miraflores and the owners name is Lucho and his wife name is Denise. They will serve you the best food and will treat you very well.

Take a radio taxi to Miraflores to the shopping center on the ocean in front of the Marriott Hotel. There are alot restaurants,bars,cinemas,shops,bowling alley,etc . It's a very safe area and open very late. Also, the entire area around the shopping center is safe and there are many more bars and clubs you can walk to.

Lima Airport Locker

There is an ATM in the arrival area where you can opt for US$ or Soles.
The lockers are pretty big. We put two 22" suitcases & one small bag into one locker. It seems very safe, you get a receipt and the key. Rate is 28 soles per locker per day, less if you pay by the hour.
Can't help with the cell phone question, we never made any international call.
For calls within Peru, buy the "147" call card (I think the cheapest is US$5) that you can use with absolutely every type of phone in Peru. It's very convenient. We bought it at our B&B.